市場調查報告書
商品編碼
1512119
汽車用潤滑油的全球市場的評估:各推動技術,各車輛類型,各油類型,各產品類型,各地區,機會,預測(2017年~2031年)Automotive Lubricant Market Assessment, By Propulsion Technology, By Vehicle Type, By Oil Type, By Product Type, By Region, Opportunities and Forecast, 2017-2031F |
全球汽車潤滑油市場規模預計將從 2023 年的 1,012.3 億美元增至 2031 年的 1,327.9 億美元,預估 2024-2031 年複合年增長率為 3.45%。近年來,由於對高性能和永續潤滑油的需求不斷增加、乘用車的需求和產量不斷增加以及汽車技術的不斷進步,預計該市場將在未來幾年繼續快速擴張。 2024年1月,印度乘用車銷量成長。印度品牌資產基金會的數據顯示,2024 年 1 月乘用車銷量為 393,074 輛,較 2023 年 1 月增長 14%,創歷史最高銷量。向耐用豪華汽車的轉變以及對節能汽車的高需求預計將加速全球汽車潤滑油市場的需求。汽車潤滑油的需求也在增加,因為它們透過減少摩擦來提高車輛性能和引擎耐用性。
各種組織和當局都致力於擴大汽車生產。汽車行業的製造商正在有效地利用潤滑油,因為它們對於提供有效和增強的汽車性能至關重要,這進一步使其成為世界上最大的汽車潤滑油之一,這已成為壟斷石油市場佔有率的一個因素。此外,中等收入群體收入的增加對汽車銷售產生了積極影響,為全球汽車潤滑油市場公司帶來了各種市場成長機會。全球市場的主要參與者正計劃推出新的潤滑油產品線,以滿足對節能潤滑油快速成長的需求。
例如,2023 年 5 月,Lumax Auto Technologies Ltd. 在印度推出了多種潤滑油和冷卻液組合,以滿足該國對高性能、耐用潤滑油和冷卻液組合日益增長的需求。線。
整合自動潤滑系統拉動市場需求
自動潤滑系統的主要目的是延長機器的正常運行時間,以更頻繁的間隔提供少量的潤滑油,並改善整體駕駛體驗,預計在未來幾年將繼續推動全球對汽車潤滑油的需求。此外,潤滑油自動系統有助於測量所需潤滑油的準確量。自動潤滑系統深受消費者歡迎,因為它不僅節省潤滑油和潤滑脂成本,而且還保護環境。自動潤滑系統領域的領先公司正在努力提高這些系統的性能,並推出可提供更高水準性能的新系統。
例如,2023 年 3 月,Graco Inc. 推出了業界首個自潤滑噴射器技術,即單線並行自動潤滑,為汽車提供耐用性、即插即用簡單性和更高水平的性能。推出GCI 系列系統噴射器平台。
環保潤滑油的推出推動市場成長
由不可再生化石燃料製成的傳統潤滑油導致資源枯竭、污染和棲息地破壞。隨著消費者越來越意識到對環境的負面影響,市場上的領先公司被迫重新評估其製造實踐和採購,以開發環保替代品。世界各國政府對工業活動制定了嚴格的法規,以限制對環境的負面影響。製造商被引導開發永續潤滑油,以避免潛在的法律問題和罰款,並滿足對環保潤滑油需求的激增。
2023 年 1 月,固特異潤滑油宣佈在東南亞、南亞和紐西蘭銷售一系列新的汽車潤滑油。固特異潤滑油也在印度哈里亞納邦的 Assurance Int Ltd 工廠採用最新技術和設備生產一系列潤滑產品。
本報告提供全球汽車用潤滑油市場相關調查分析,提供市場規模與預測,市場動態,主要企業的形勢及預測等資訊。
Global automotive lubricant market is projected to witness a CAGR of 3.45% in the forecast period 2024-2031, growing from USD 101.23 billion in 2023 to USD 132.79 billion in 2031. The market has experienced growth in recent years and is estimated to maintain a rapid speed of expansion during the coming years due to a growing requirement for high-performance and sustainable lubricants, an increase in demand and production of passenger cars, and continuous advancement in vehicle technologies. In January 2024, India witnessed a rise in sales of passenger cars. According to India Brand Equity Foundation, in January 2024, the sales of passenger cars touched 3,93,074, which is the highest ever sales throughout January month posting a growth of 14% as compared to January 2023. A shift toward durable and luxurious vehicles coupled with a high need for fuel-efficient cars is projected to accelerate the global automotive lubricant market demand. In addition, the growing demand for automotive lubricants is also rising as it enhances the performance of vehicles and the durability of engines by decreasing friction.
Different organizations and authorities are aiming to grow vehicle production. Manufacturers in the automotive industry are making effective use of lubricants because they are significantly essential in offering the effective and enhanced performance of an automobile, which further contributes to dominating the largest global automotive lubricants market share. Also, an increase in income for the middle-class population positively impacted automotive sales, which resulted in the introduction of different market growth opportunities for global automotive lubricant market players. Key participants in the global market are planning to launch a new range of lubricant products to address the surging demand for energy-efficient lubricants.
For instance, in May 2023, Lumax Auto Technologies Ltd. announced the launch of a range of lubricants and coolants across India to address the rising requirement for high-performance and durable lubricants coupled with coolants in India.
Automatic Lubrication System Integration Pushes the Market Demand
The automatic lubrication system is particularly designed to enhance the machine's uptime, offer small amounts of lubricant at more frequent intervals, and enhance the overall driving experience, propelling the demand for automotive lubricant across the globe in the coming years. In addition, an automatic system for lubricant helps measure the exact amount of lubricant required. The consumer demand for automatic lubrication systems is significant as they not only save on the cost of oil or grease but also protect the environment. Key companies for automatic lubrication systems are working on improving the performance of these systems and launching new systems to offer the next-level performance.
For instance, in March 2023, Graco Inc. announced the launch of the industry's first automatic lubrication injector technology, the GCI Series Injector platform for single-line parallel automatic lubrication systems to provide durability, plug-and-play simplicity, and next-level performance to vehicles.
Launch of Eco-Friendly Lubricants Drives Market Growth
Traditional lubricants sourced from non-renewable fossil fuels have contributed to resource depletion, pollution, and habitat damage. As the consumer becomes more conscious of the negative impact on the environment, key market players are forced to re-evaluate their manufacturing practices and funding to develop environmentally friendly alternatives, as sustainable lubricants offer a reduction in carbon emission, increasing the global demand for sustainable automotive lubricants. Governments globally are framing strict regulations on industrial operations to limit their negative impact on the environment. Manufacturers are induced to develop sustainable lubricants to avoid potential legal issues and fines and address the surging demand for eco-friendly lubricants.
In January 2023, Goodyear Lubricants announced a new product line of automotive lubricant oil for distribution across Southeast Asia, South Asia, and New Zealand and to lower carbon emissions rates and comply with continuous BS-6 and EURO 6 standards. Also, Goodyear Lubricants produced different lubrication products by using the latest technology and equipment at the Assurance Int Ltd factory in Haryana, India.
Government Rules and Regulations Drive the Global Market Growth
Rules and regulations by government and legal authorities regarding pollution control and carbon emissions drive the global automotive lubricant market demand. Besides this, the growing requirement for high-performance lubricants owing to the growing environmental awareness among consumers globally is fostering market growth in the forecast period. Moreover, companies in the global market are developing eco-friendly and sustainable lubricants to minimize the environmental impact of automotive operations. Governments in emerging countries are introducing different tax benefits and subsidies to utilize and manufacture environmentally friendly lubricants efficiently. Furthermore, the government also releases notifications to decrease the environmental hazards of lubricants.
For instance, in May 2023, the Indian Ministry of Environment, Forest and Climate Change drafted a notification in the Gazette of India to result in regulations for the Extended Producer Responsibility of used oil. The major focus of the draft is to encourage a circular economy for used oil, including re-refining of used lubricants, which could have both economic benefits and environmental benefits.
Engine Oil Dominates with the Largest Market Share
Engine oil registers the largest market share globally as engine oil is fundamental to engine health and enhances engine sealing. Increasing production of passenger vehicles and the rapid development of transportation infrastructure in the automotive industry foster the demand for engine oil across the globe. Also, in automobiles, engine oil is utilized mostly for internal combustion engines as this is a high-quality lubricant and is easily accessible in different categories comprising part synthetic, mineral oils, and fully synthetic. In an automobile, engine oil aids in the ideal functioning of moving parts and keeps the engine cool, boasting a high adoption of engine oil compared to other products. Companies are announcing partnerships to enhance vehicle performance and mark a significant milestone in their journey to revolutionize automotive servicing.
For instance, in April 2024, Service Easy Technology Private Limited (GoMechanic) announced a partnership with Exxon Mobil Corporation for engine oil technology. Exxon Mobil Corporation offers GoMechanic high-performance engine oil to ensure good performance and durability for serviced vehicles.
Asia-Pacific Holds the Largest Market Size
Asia-Pacific registers the largest market size in the global automotive lubricant market due to an increase in the number of on-road vehicles in emerging countries, rapid expansion in the automotive industry, high demand for electric vehicles, and strict government regulations concerning carbon emissions. The APAC automotive lubricant market is also driven by rapid industrialization, an increase in demand for passenger cars, and a growing requirement for advancing commercial automotive lubricants. Governments in Asia-Pacific countries are formulating strict regulations concerning carbon emissions and the negative impact of lubricants on the environment. Also, companies in the global automotive lubricants market are efficiently introducing new product ranges or announcing a collaboration to expand the product portfolio and footprint.
For instance, in April 2024, Shell plc announced the launch of three new products under its marketing-leading Shell Helix Ultra passenger car motor oil brand to address the upgraded industry specifications and demands of original automotive manufacturers, allowing consumers to release more engine power.
Future Market Scenario (2024-2031F)
Significant innovations including smart lubrication systems, and synthetic oil have significantly enhanced reliability, efficiency, and durability of automotive components, driving the global automotive lubricant market demand.
In the automotive industry, the shift towards electric vehicles and electric mobility increased the requirement for specialized lubricants personalized to the unique demands of EVs, further driving the demand for automotive lubricants globally.
The rising adoption of bio-based lubricants and growing awareness concerning sustainable environments greatly foster the global automotive lubricant market growth.
Advancements in lubricant technology and the integration of Internet of Things technology, coupled with predictive maintenance solutions, are considerably revolutionizing the market for automotive lubricants.
Key Players Landscape and Outlook
Key participants in the market are significantly investing in different research and development activities to enhance and advance the performance of lubricants that offer efficient lubrication and stability for vehicle applications. Companies are aiming to expand drain intervals to decrease costs and enhance vehicle reliability. In addition, they are focusing on adopting different market growth strategies, including new product launches, partnerships, collaborations, joint ventures, mergers and acquisitions, and others to expand the product portfolio and footprint.
In April 2024, Savita Oil Technologies Limited announced the launch of Ester 5 lubes for the masses. The Group 5 Esters are high-performing lubricant fluids.
In October 2023, Chevron Corporation and Hindustan Petroleum Corporation Limited cooperatively launched a lubricant under the brand name Caltex to offer lubes for heavy-duty vehicles, industrial machinery, and personal vehicles.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.